Form ptax 340 2016-2026

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The document is the PTAX-340 form for the 2016 Senior Citizens Assessment Freeze Homestead Exemption application in Illinois. It outlines the eligibility criteria, including age (65 or older), household income limits ($55,000 or less), and property ownership requirements. The form requires personal and property information, details about household income for 2015, and an affidavit confirming the applicant's status. The exemption allows qualified seniors to freeze their home's assessed value to limit tax increases.

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Click ‘Get Form’ to open it in the editor.
Begin with Part 1: Applicant Information. Fill in your first name, last name, mailing address, date of birth, and contact details. Ensure all information is accurate.
Move to Part 2: Property Information. Enter the street address of the property and its parcel index number (PIN). If you have previously received this exemption, indicate the base year.
In Part 3: Household Income for 2015, list all sources of income for you and your household members. Be thorough; include Social Security benefits, wages, and any other relevant income.
Complete Part 4: Affidavit by marking the applicable statements regarding ownership and residency. Sign and date the affidavit before submitting.

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Versions	Form popularity	Fillable & printable
2024	4.7 Satisfied (53 Votes)
2023	4.5 Satisfied (43 Votes)
2022	4.8 Satisfied (42 Votes)
2021	4.3 Satisfied (131 Votes)
2020	4.2 Satisfied (114 Votes)
2019	4.4 Satisfied (69 Votes)
2018	4.4 Satisfied (127 Votes)
2016	4.4 Satisfied (563 Votes)
2015	4.2 Satisfied (36 Votes)
2013	4.3 Satisfied (41 Votes)
2012	4.1 Satisfied (32 Votes)
2011	4 Satisfied (47 Votes)

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Who is eligible for senior freeze in Illinois in 2025?

Have a total household income $65,000 or less in 2024. SPECIAL SITUATIONS: If your property is assessed under the mobile home privilege tax, you do not qualify for this exemption. exemption in 2025, and you meet all requirements except the age requirement, you are eligible for this exemption in 2025.

What is the extra Homestead Exemption for seniors in Florida?

The law allows both counties and municipalities, through adoption of an ordinance, to each grant an additional homestead tax exemption of up to $25,000 to resident homeowners who have legal or equitable title to the real estate, who are at least 65 years of age on January 1 of the year for which the application for

What is the new Homestead Exemption in California?

As of January 1, 2025, the exemption for California homeowners will be at least $361,113 if the median sale price for homes in your county was less than that during the prior year. However, it can be as high as $722,151 if the median sale price in your county was more than that amount.

At what age do seniors stop paying property taxes in Arkansas?

Age 65 or Disabled Homeowner Property Tax Relief If a person who is age 65 or older or who is disabled purchases a homestead property, the taxable assessed value of the residence can be frozen at the next assessment date after purchasing the homestead.

What is the low income senior citizen assessment freeze Homestead Exemption?

The Low-Income Senior Citizens Assessment Freeze Homestead Exemption (35 ILCS 200/15-172) allows you, as a qualified senior citizen, to have your homes equalized assessed value (EAV) frozen at a base year value and prevent or limit any increase due to inflation.

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Who qualifies for homeowners exemption in Illinois?

Taxpayers whose primary residence is a single-family home, townhouse, condominium, co-op or apartment building (up to six units) are eligible. First-time applicants must have been the occupants of the property as of January 1 of the tax year in question.

Form ptax 340 2016-2026

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Got questions?

Who is eligible for senior freeze in Illinois in 2025?

What is the extra Homestead Exemption for seniors in Florida?

What is the new Homestead Exemption in California?

At what age do seniors stop paying property taxes in Arkansas?

What is the low income senior citizen assessment freeze Homestead Exemption?

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Who qualifies for homeowners exemption in Illinois?

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Form ptax 340 2016-2026

Here's how it works

How to use or fill out form ptax 340 2016 with our platform

See more form ptax 340 2016 versions

Complete this form in 5 minutes or less

Got questions?

Who is eligible for senior freeze in Illinois in 2025?

What is the extra Homestead Exemption for seniors in Florida?

What is the new Homestead Exemption in California?

At what age do seniors stop paying property taxes in Arkansas?

What is the low income senior citizen assessment freeze Homestead Exemption?

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Security and compliance

People also ask

Who qualifies for homeowners exemption in Illinois?

Related links

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